Jeff Cohen, founder of the Indemnity Insurance Corp.

Algerina Perna / Baltimore Sun

Jeff Cohen, founder of the Indemnity Insurance Corp., is pictured in his home. Sparks-based Indemnity Insurance Corp. is teetering on the edge of liquidation in a wild receivership case in which Delaware regulators accuse the founder of forging paperwork to hide insolvency and the founder¿saying his company has plenty of capital¿accuses Delaware's insurance commissioner of a vendetta because he supported her primary opponent.

Jeff Cohen, founder of the Indemnity Insurance Corp., is pictured in his home. Sparks-based Indemnity Insurance Corp. is teetering on the edge of liquidation in a wild receivership case in which Delaware regulators accuse the founder of forging paperwork to hide insolvency and the founder¿saying his company has plenty of capital¿accuses Delaware's insurance commissioner of a vendetta because he supported her primary opponent.